City Bonds

General Obligation (GO) Bonds are the primary source of funding for many projects that allow the city to keep pace with an expanding population by replacing aging infrastructure and improving quality of life. Bonds allow the city to pay for projects over a longer period of time and must be approved by voters.

The City Council of the City of Charlotte, North Carolina (the “City”) introduced the following bond order of the City at its June 10, 2024 meeting: “Bond Order Authorizing the Issuance of Not to Exceed $70,000,000 General Obligation Refunding Bonds of the City of Charlotte, North Carolina” related to a proposed refunding of certain general obligation bonds of the City. Section 159-55.1 of the General Statutes of North Carolina requires the City’s finance officer to file with the City Clerk after the bond order is introduced, and to post on-line on the City’s website, a statement of disclosures stating the following: (1) an estimate of the total amount of interest that will be paid on the general obligation bonds over the expected term of the bonds, if issued, and a summary of the assumptions on which the estimate is based, (2) an estimate of the increase in property tax rate, if any, necessary to service the proposed debt, and (3) the amount of two-thirds bonds capacity the unit has available for the current fiscal year, if any.

Statement of Disclosure(PDF, 96KB)

The City Council of the City of Charlotte, North Carolina introduced the following bond orders of the City at its June 10, 2024 meeting:

Bond Order Authorizing the Issuance of $238,300,000 General Obligation Transportation Bonds of the City of Charlotte, North Carolina

Bond Order Authorizing the Issuance of $100,000,000 General Obligation Housing Bonds of the City of Charlotte, North Carolina

Bond Order Authorizing the Issuance of $61,700,000 General Obligation Neighborhood Improvement Bonds of the City of Charlotte, North Carolina

Section 159-55.1 of the General Statues of North Carolina requires the City's finance officer to file with the City Clerk after the bond order is introduced and before the public hearing on the bond order, a statement of disclosures stating the following: (1) an estimate of the total amount of interest that will be paid on the bonds over the expected term of the bonds, if issued, and a summary of the assumptions on which the estimate is based, (2) an estimate of the increase in property tax rate, if any, necessary to service the proposed debt, and (3) the mount of two-thirds bonds capacity the unit has available for the current fiscal year, if any.

Statement of Disclosures(PDF, 377KB)

Projects Funded with Voter-Approved 2022 GO Bonds

The 2022 bond referendum totals $226,000,000 between three categories: Housing, Neighborhood Improvements and Transportation.

Affordable Housing Bonds - $50 million

Housing bonds fund the city’s Housing Diversity Program to increase the supply of safe, quality and affordable housing for low- and moderate-income residents throughout Charlotte. The Housing Diversity Program not only addresses the need for new construction, it also helps preserve existing housing through rehabilitation of both single- and multifamily housing units. This funding leverages other public, private and nonprofit dollars to increase the supply and accessibility of housing in the community.

Neighborhood Improvement Bonds - $29.8 million

Neighborhood improvement bonds fund projects that address infrastructure needs in the city’s established neighborhoods and emerging high-growth areas. They support a network of streets, sidewalks, greenways and bike lanes to better connect neighborhoods with major employment, institutional and retail areas. 

Transportation Bonds - $146.2 million

In a growing city like Charlotte, it is critical to provide safe, convenient and reliable transportation options. Investments are intended to increase overall mobility by providing transportation choices, promoting access to transit and major transportation routes and improving connectivity within and between communities. With that in mind, the Capital Investment Plan will continue investing in transit access, bridges, trails, sidewalks and streets.